The "daily Call" From Option Alpha: Options Trading | Stock Options | Stock Trading | Trading Online

Hey everyone. This is Kirk here again from Option Alpha and welcome back to the daily call. Today, we’re going to be talking about gold’s massive rally lately and why it has stalled. And not necessarily why it has stalled, but just the interesting concepts around stalled moves like this that we typically see as options traders and what it might mean to you going through some of the examples that we’ve seen in the last month and a half or so in trading. The time I’m recording this podcast, it’s the end of July. We’re coming up on the FED announcement. Everyone’s expecting that the FED is going to cut rates by some margin and it’s just now what’s going to be the guidance moving forward. And so, obviously, that could move the markets, but what we’ve seen generally in the gold market over the last say two and a half months or so is we’ve seen a lot of sideways action in trading. And so, that two-ish months that we’ve seen in gold of sideways trading is followed by this massive rally that gold has had. Gold was or